'Key mandates of the law include: Condominiums three or more stories tall must have a “milestone inspection” of structural integrity at 30 years of age, and every 10 years thereafter.

I asked my HOA to provide the Condominium Plan for the insurance company.

Looking to get some thoughts/opinions on luxury storage and garage condominium strategy for new development. 

-Total dollar volume for full-year 2023 fell 12.6 percent to $40B;-December single-family home sales fell 6.2 percent year-over-year with 6,103 units sold;-Total December property sales declined 4.9 percent to 7,395 units;-Total dollar volume for December fell 3.7 percent to $2.9B;-At $330,000, the single-family home median price was unchanged;-The single-family home average price was also unchanged at $407,817;-Single-family homes months of inventory expanded to a 3.3-months supply;-The townhome/condominium market experienced declining sales throughout 2023, and in December, volume fell 7.0 percent with the average price up 6.7 percent to $258,137 and the median price down 9.3 percent to $235,000;-Townhome/condominium inventory grew from a 2.0-months supply to 3.5 months.

Total dollar volume for full-year 2023 fell 12.6 percent to $40B;December single-family home sales fell 6.2 percent year-over-year with 6,103 units sold;Total December property sales declined 4.9 percent to 7,395 units;Total dollar volume for December fell 3.7 percent to $2.9B;At $330,000, the single-family home median price was unchanged;The single-family home average price was also unchanged at $407,817;Single-family homes months of inventory expanded to a 3.3-months supply;The townhome/condominium market experienced declining sales throughout 2023, and in December, volume fell 7.0 percent with the average price up 6.7 percent to $258,137 and the median price down 9.3 percent to $235,000;Townhome/condominium inventory grew from a 2.0-months supply to 3.5 months.SOURCE HAR

I share the details here to show what a series of small low-risk transactions can do over the medium and long term to build passive income for retirement.The PA is for a 1 BR condominium unit in a 150 unit complex where we already have 22 units, bought in 3 earlier transactions.  

It appears that for many, many, many years the owners, boards and management had treated the building and units more as a Condominium in that each owner was responsible for the repairs to their own units, whether they lived there or rented (any damage to the inside of the unit was the sole responsibility of the unit owner).2 years ago, the board at that time brought on a new management company.  

., construction of residential condominiums, townhomes and apartments.....both new and re-purposing old buildings in and around downtown South Bend has exploded.

We are having the land lot constructed a two units condominium.

The bank fees for a purchase transaction are 1% of the loan amount (1.5% if it is a cash out that is owned greater than 6 months) plus $695 in processing/underwriting fees.The interest rates for a non-recourse loan are as follows:-4.875% for a 5/1 ARM amortized over 20-25 years-5.375% for a 10/1 ARM amortized over 20-25 years-5.0% for a 10 year fixed loan that is amortized over a 10 year period-5.375% for a 15 year fixed loan that is amortized over a 15 year period-5.75% for a 20 year fixed loan that is amortized over a 20 year period-Special quotes may be given for multi-family property 3+ units, rural property, and high rise condominium units